Employment levels to increase in 2015

A report by the CPABC indicates while the Northwest may have experienced job cuts last year, the future is looking bright.

A report by the Chartered Professional Accountants of B.C. (CPABC) indicates, while the Northwest may have experienced job cuts in the service sector last year, the future is looking bright.

The CPABC recently released its annual Regional Check-Up report on Northwest B.C., comprised of the North Coast and Nechako regions, that states the labour market deteriorated in 2014, with total employment in the region reaching its lowest level in at least a decade.

Statistics Canada reported an overall loss of 1,600 jobs in 2014, a result of shrinking employment in the services-producing sector. This contributed to a 1.1 per cent increase in the unemployment rate, for an annual average of eight per cent. However, the report noted that virtually all job losses were part-time.

But economic activity is expected to pick up on the North Coast in 2015, as four projects located in and around Prince Rupert move forward: the Fairview Container Terminal Expansion, Prince Rupert Potash Terminal upgrade, and the Prince Rupert and Westcoast Gas Transmission Projects, worth a combined total of $12.4 billion.

The report states if these projects proceed, construction activity would create long and short-term employment opportunities, in addition to spin-off economic activity.  The construction of major projects and renewed demand for lumber exports through the Port of Prince Rupert should help expand the North Coast’s economy this year.

 

Just Posted

Worse for wear: Prince Rupert’s outdoor gym is removed

Just short of its tenth anniversary, the green gym closes over safety and maintenance concerns

Pembina plans $20M dock repairs on Watson Island

The project intends to make improvements to the wharf and trestle

City pays last respects to former councillor and fisherman Paddy Greene

Greene was a long-time fisherman in Prince Rupert who passed away May 17, 2019

Search and rescue equipment on Lax Kw’alaams receives critical upgrades

First Community Investment Fund from the Port of Prince Rupert announced in 2019

New Seven Sisters replacement confirmed

Mental health facility will have 25 beds, up from 20 in current facility

Kelowna toddler suffers cracked skull after fall from balcony

Neighbour who found the two-year-old boy said he has a bump the size of a golf ball on his head

Pipeline protester chimes in on Justin Trudeau’s B.C. fundraising speech

The government purchased the Trans Mountain pipeline and expansion project for $4.5 billion

Canada stripping citizenship from Chinese man over alleged marriage fraud

The move comes amid severely strained relations between Ottawa and Beijing

Nevada court orders former Vancouver man to pay back $21.7M to investors

The commission says Michael Lathigee committed fraud over a decade ago

Support growing for orphaned Okanagan child after father dies in highway crash

Family thanks emergency crews for assistance in traumatic incident

Baby boom seniors putting pressure on B.C. long-term care: report

B.C. leads Canada in growth of dementia, dependence on care

RCMP probe if teen was intentionally hit with ski pole by mystery skier on B.C. mountain

The incident happened on March 20 on Grouse Mountain. Police are urging witnesses to come forward

Roadside device to weed out THC can’t detect impairment, B.C. lawyer says

‘This fact alone is likely to have serious implications for Canadians’ Charter Rights,’ lawyer Sarah Leamon warns

B.C. firefighters rescue frozen dog from ice

The fire crew found a dog stuck in the at Lake Paul on May 20

Most Read